We are living through unprecedented times and the financial circumstances of many people have changed for the worse. Here are our 3 top tips to help out when your staff are struggling:
- Normalise money conversations – this entails showing empathy and an approachable management style, even opening up about money challenges faced by the business can help staff feel like they’re not alone in their struggle.
- Educate the team in financial literacy – providing debt advice workshops, offering personal follow-ups in a private setting can give every employee a good chance at getting out of their financial predicament.
- Emotional support- recognise that money worries can severely impact mental wellbeing. Signpost individuals who are having a tough time to wellbeing support or employee assistance programs
For help and support in relation to your own specific circumstances, contact us today.
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